Summary: This bill imposes a fee on the carbon content of fuels, including crude oil, natural gas, coal, or any other product derived from those fuels that will be used so as to emit greenhouse gases into the atmosphere.
The fee is imposed on the producers or importers of the fuels and is equal to the greenhouse gas content of the fuel multiplied by the carbon fee rate. The rate begins at $15 in 2019, increases by $10 each year, and is subject to further adjustments based on the progress in meeting specified emissions reduction targets. The bill also imposes a specified fee on fluorinated greenhouse gases. Cosponsors
ANGIE CRAIG’S POSITION: Representative Craig sponsored the bill on 3/18/19.
- “Today my first bipartisan bill – which increases voluntary conservation opportunities for our communities – moved out of the
@TransportDems Committee, taking one step toward reducing water pollution caused by snowmelt and rainwater runoff.” (Source: Twitter, March 27,2019)
- Congresswoman Angie Craig’s Bipartisan Bill to Reduce Water Pollution Moves Out of Committee (Source: Angie Craig Press Release, March 27, 2019)
STATUS: Introduced 1/24/19 by Rep. Deutch, Theodore E. [D-FL-22].
ORGANIZATIONS IN SUPPORT OF THE BILL:
- “A group of lawmakers in the U.S. House of Representatives has reintroduced the Energy Innovation and Carbon Dividend Act, the groundbreaking bipartisan climate solution to price carbon, give revenue to households and bring greenhouse gas emissions down 90 percent by 2050.” (Source: Citizen’s Climate Lobby)
- “Democrats and Republicans want to tax pollution — and give the money back to you.” (Source: Alex Daugherty, Miami Herald, November 28, 2018)
- Noah Kaufman, a researcher at the Center on Global Energy Policy at Columbia University’s School of International and Public Affairs says this bill is the most ambitious carbon pricing proposal of those currently proposed.